Sea Limited (NYSE:SE) Stock Position Cut by Matthews International Capital Management LLC

Matthews International Capital Management LLC decreased its position in Sea Limited (NYSE:SE) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,999 shares of the Internet company based in Singapore’s stock after selling 222,026 shares during the period. SEA comprises 8.7% of Matthews International Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Matthews International Capital Management LLC owned approximately 0.07% of SEA worth $42,652,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. WCM Investment Management LLC lifted its position in shares of SEA by 35.9% during the 3rd quarter. WCM Investment Management LLC now owns 20,902,378 shares of the Internet company based in Singapore’s stock valued at $1,971,303,000 after buying an additional 5,517,559 shares in the last quarter. Perpetual Ltd lifted its holdings in SEA by 3,033.0% during the fourth quarter. Perpetual Ltd now owns 2,098,003 shares of the Internet company based in Singapore’s stock valued at $222,598,000 after purchasing an additional 2,031,038 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of SEA by 1.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 404,096 shares of the Internet company based in Singapore’s stock valued at $38,098,000 after purchasing an additional 7,175 shares during the period. M&T Bank Corp grew its position in shares of SEA by 2,163.9% in the third quarter. M&T Bank Corp now owns 74,505 shares of the Internet company based in Singapore’s stock valued at $7,024,000 after purchasing an additional 71,214 shares during the period. Finally, Kaizen Investment Management Pte. Ltd. acquired a new position in shares of SEA during the 3rd quarter worth about $587,544,000. Institutional investors and hedge funds own 59.53% of the company’s stock.

SEA Stock Down 2.9 %

SE stock opened at $114.32 on Tuesday. Sea Limited has a one year low of $38.10 and a one year high of $119.47. The firm has a market cap of $65.43 billion, a PE ratio of 762.13 and a beta of 1.54. The firm’s 50 day moving average price is $112.56 and its 200-day moving average price is $94.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.62.

SEA (NYSE:SE) last posted its earnings results on Tuesday, November 12th. The Internet company based in Singapore reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.35). The business had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.09 billion. SEA had a net margin of 0.64% and a return on equity of 1.40%. SEA’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) EPS. On average, equities research analysts anticipate that Sea Limited will post 0.76 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SE shares. Wedbush reiterated an “outperform” rating and issued a $105.00 price objective (up from $84.00) on shares of SEA in a report on Monday, November 4th. Dbs Bank raised SEA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. TD Cowen increased their price objective on SEA from $69.00 to $100.00 and gave the company a “hold” rating in a research note on Wednesday, November 13th. Barclays lifted their target price on shares of SEA from $94.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Phillip Securities reiterated a “reduce” rating and issued a $100.00 target price (up from $80.00) on shares of SEA in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.21.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.